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Find the Best Mortgage Lenders in Indianapolis, IN

Despite the housing boom in Indianapolis, real estate in this Midwest city continues to be affordable for many homebuyers. If you’re planning to buy a home, an experienced mortgage lender can help you choose the loan that best suits your needs. We researched the best mortgage lenders in Indianapolis based on reviews, customer service and overall reputation.

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    Compare Top Mortgage Lenders

    Overall satisfaction rating
    • Cash out refinancing
    • Personalized rates
    • Multiple loan programs
    • Services available in Indiana

    Close in as few as 25 days!

    (866) 815-0655 Read More
    Overall satisfaction rating
    • Quotes online
    • Mortgage calculator
    • Online application
    • Services Indianapolis

    This direct lender is a division of Bank of Oklahoma Financial. It uses the latest technology like an online automated application system to help clients get the money and information they need as efficiently as possible.

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    Grandview Lending
    • Mortgage refinancing
    • Conventional loan options
    • Reverse mortgage loans
    • Fixed & adjustable rates
    8445 Keystone Crossing Blvd.
    Indianapolis, IN 46240
    (317) 255-0062
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    Royal United Mortgage
    • Purchasing assistance
    • Home equity loans
    • Refinancing options
    • Online loan calculator
    7999 Knue Rd., Ste. 300
    Indianapolis, IN 46250
    (317) 664-7700
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    Meridian Mortgage Solutions
    • Open 24 hours
    • meridianmortgagesolutions.net
    8500 Keystone Crossing, Ste. 350
    Indianapolis, IN 46240
    (317) 968-9500
    The Home Loan Expert
    • M-F: 7am - 10pm
    • Closed Sat and Sun
    • thehomeloanexpert.com
    3815 River Crossing Pkwy., Ste. 100
    Indianapolis, IN 46240
    (317) 550-1515
    First Option Mortgage
    • M-Th: 8:30am - 6pm
    • F: 8:30am - 5pm
    • Closed Sat and Sun
    • firstoptiononline.com
    8888 Keystone Crossing, Ste. 900
    Indianapolis, IN 46240
    (317) 713-9500
    A N Mortgage
    • M-F: 8:30am - 8pm
    • Closed Sat and Sun
    • anmortgage.com
    4316 W. Washington Ave.
    Indianapolis, IN 46241
    (866) 552-6688
    GVC Mortgage
    • M-F: 9am - 5pm
    • Closed Sat and Sun
    • gvcmortgageindiana.com
    600 E. Carmel Dr., Ste. 155
    Carmel, IN 46032
    (317) 856-1700
    Indy Mortgage
    • M-F: 8am - 6pm
    • Closed Sat and Sun
    • indymortgage.com
    8103 Knollview Ct.
    Indianapolis, IN 46256
    (317) 570-6300

    How to choose a mortgage lender in Indianapolis

    Indianapolis skyline

    Housing values in Indianapolis rose sharply in 2018. The median home value increased by 19.1 percent, from $125,900 in 2017 to $149,900 in 2018. However, housing prices can vary widely in Indianapolis’ 111 diverse neighborhoods.

    Downtown Indianapolis, which has been experiencing a high rate of new development in housing, restaurants and retail shops, is one of the hottest neighborhoods in the city. The area is friendly for those who choose to walk or bike and has been attracting newcomers of all ages. Buying a home in Downtown is not cheap, however. The median home listing price for this area is $330,000, and the median selling price is $273,500. That compares to a list price of $162,900 and a median selling price of $153,000 for all homes in Indianapolis.

    Since the Downtown area may cost more than many homebuyers wish to spend, nearby neighborhoods have also increased in popularity, including Fountain Square, Irvington, Little Flower and Fall Creek Place. Broad Ripple Village and Butler-Tarkington are also popular neighborhoods with higher than average walkability and an eclectic mix of restaurants and shops.

    These are the median listing and selling prices for each neighborhood:

    Neighborhood Median Home Listing Price Median Selling Price
    Fountain Square $249,900 $279,900
    Irvington $149,900 $140,000
    Little Flower $84,900 $85,100
    Fall Creek Place $329,900 $259,200
    Broad Ripple Village $249,900 $260,000
    Butler-Tarkington $250,000 $232,500

    Types of mortgage loans in Indianapolis

    When you're ready to buy your dream home in Indianapolis, you need to work with the best mortgage lender for your needs to help you choose the right loan. Several types of mortgage loans are popular, including FHA (Federal Housing Administration) loans.

    Loans available in Indianapolis include:

    • FHA loans: Indianapolis residents in lower to moderate income brackets may qualify for a government-subsidized FHA loan for a new home or rehabilitation project. These loans benefit homebuyers with smaller down payments and lower interest rates. Even if you have a low credit score, you may still qualify.
    • Conventional loans: A conventional mortgage loan, which is not insured by the federal government, can come in a wide variety of plans, including adjustable rate, fixed rate and hybrid adjustable-rate. In many cases, you will be required to have a down payment of 5 percent of the total value of the loan. This type of loan can provide you with flexible options if you have a solid credit history and the ability to put down a good down payment.
    • VA loans: If you are an active or retired military veteran living in Indianapolis, you can apply for a home loan using your VA benefits. With this type of loan, you’re not required to make a down payment or pay closing costs.

    Mortgage Companies Reviews


    AmeriSave eliminates the need for a lengthy application process and offers mortgage rate quotes to potential homebuyers in less than a minute. The national mortgage lender offers a wide variety of loan options, including conventional, VA and FHA loans. Clients have given AmeriSave positive feedback for its competitive rates, quick turnaround times and helpful customer service.

    AmeriSave (866) 815-0655


    HomeDirect is a direct mortgage lender that specializes in an automated online application system designed to help interested Indianapolis homeowners save time. The national mortgage lender receives positive customer reviews in Indianapolis for a stress-free application process, friendly customer service and an overall great home-buying experience.


    Grandview Lending

    Grandview Lending is a family-owned and -operated mortgage broker based in Indianapolis. The company specializes in ensuring its customers receive customized, cost-effective options for financing or refinancing their home mortgages. Grandview Lending consistently receives positive reviews for personalized customer service, honesty, timeliness and a smooth homebuying and refinancing process.

    Grandview Lending

    Royal United Mortgage

    Headquartered in Indianapolis, Royal United Mortgage has been helping local homeowners finance and refinance their homes since 2008. The mortgage lender uses an education-focused philosophy to ensure that clients are informed about every step of the process. Indianapolis customers praise the company for its quick process, expert advice and competitive rates.

    Royal United Mortgage